Thanks Speculator SXY does need to focus on "sticking to the...

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curiouswon

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13/08/14

15:04

Post #: 13811684
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Originally posted by speculator101 ↑

Curiouswon,

A. oil production growth for income
- Agree, but so far, SXY are putting more in than what they get out (this will change this year IMHO because a large amount of development costs are finished
B. CSG permit sell off in 1-2 years once proven-up for capital
- Agree, but I believe they had an offer a couple of years back, but said no.... prob regretting it now
C. gas sales ex Hornet in 1-3 years for major new income stream
- Don't agree, SXY has zero conventional gas right now, so its oil or your next point for now.
D. shale/tight/deep gas opportunities explore/prove of some funded by ORG
- Agree, good amount of funding by ORG, especially for the initial Stage 1.

1+ years is good, but as many have posted, holders have been waiting a while for SXY to move up to the next level so to speak.

Aussie dollar moving a little lower and oil prices still pretty high, means the Cooper stocks are making good money. If SXY can duplicate last quarters production rates, I think they will increase their cash balance, which will aalleviate some fears of a cap raising (I think there is no chance of one, but brokers etc and others with vested interests in seeing the SP decline may imply otherwise).

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Thanks Speculator
SXY does need to focus on "sticking to the knitting" of producing more oil - core business.
Don't understand your comment re Hornet - trials seem to be going to occur in early FY15 (eg see SXY 3/3/14 announcement)

SXY Price at posting: 66.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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